In order to enlarge their businesses, the group members have decided to work with the field partner, Soro Yiriwaso. This will be their first group loan.
Oumou (standing second from the right in the photo) has a good reputation for selling shoes which are very popular with the women of Ouenzindougou. She plans to use her loan to buy 35 pairs of plastic shoes for resale, from Bamako. She sells the shoes for cash to women in Ouenzindougou.
Oumou expects to make an average profit of 25,000 francs CFA per month, which will be used to meet her needs and reinvest in her business.
In the future, Oumou would like to continue working with Soro Yiriwaso and to benefit from their loans.
Madame Oumou (femme arrêtée en 2ème position de la droite vers la gauche) a une bonne notoriété, car les chaussures sont très prises par les femmes à Ouenzindougou. Elle compte utiliser son prêt pour acheter 35 paires de chaussures en plastiques. Elles s’approvisionnent à Bamako. Elle mène ses activités au comptant à Ouenzindougou à une clientèle de femmes. Madame compte réaliser avec ce prêt un bénéfice moyen de 25 000 FCFA par mois, qui sera utilisé, pour satisfaire son besoin et investir le reste dans son activité. Madame a pour objectif de fidéliser ce partenariat avec Soro Yiriwaso afin d’en profiter beaucoup de prêt.
Important InformationSoro Yiriwaso is a microfinance institution that works primarily in rural and semi-urban areas of Mali to provide underprivileged communities with access to financial services.The organization facilitates access for disadvantaged clients, particularly women, to new resources and services, fostering solidarity and cooperation among its clients. Kiva lenders’ funds will enable Soro Yiriwaso to expand its outreach and target even more underserved Malians involved in business and agriculture.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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